The Federal Executive Council has approved four key policy initiatives aimed at attracting over $15 billion in investments and strengthening the country’s intellectual property, digital trade, and service export sectors within five years.

The new policies are projected to achieve ambitious targets by the year 2030, including creating one million decent jobs in the service export sector, adding $10 billion annually to the Gross Domestic Product, training 10 million Nigerians for global service markets, and attracting over $15 billion in investment to the digital and creative industries.

These details were contained in a Statement released on Saturday by the State House, Abuja.

“To leverage the growing importance of the service economy, which currently accounts for over 50 per cent of Nigeria’s GDP but less than 10 per cent of exports, the Council approved the establishment of a National Coordination Mechanism for Services Exports to be led by the National Talent Export Programme.

“This mechanism is expected to harmonize existing government programmes, such as the 3 Million Tech Talent initiative, the Outsource to Nigeria Initiative, and TechPro4Europe, into a unified structure focused on promoting Nigeria’s global competitiveness in professional, digital, and creative services,” the statement read.